Get Account Closing Form

The Account Closing Form is a document used to formally request the closure of bank accounts, such as checking or savings accounts. This form ensures that all remaining balances are directed to the account holder’s specified address, providing a clear and organized process for account termination. If you need to close your account, fill out the form by clicking the button below.

Structure

The Account Closing form is an essential document for individuals looking to formally close their bank accounts. It provides a straightforward way to communicate this request to the bank, ensuring that all necessary information is included for processing. The form typically requires the account holder to specify which type of account they wish to close, whether it be a checking or savings account, and to provide the corresponding account numbers. Additionally, it includes a section for the account holder's name and address, where any remaining balance should be sent after the account is closed. For those who may have questions regarding their request, the form also offers a space to provide contact information. The inclusion of a signature and printed name adds a layer of authenticity to the request, which is particularly important for banks to verify the identity of the account holder. This form is a crucial step in the account closure process and is designed to facilitate a smooth transition for individuals managing their banking needs.

Account Closing Preview

ACCOUNT CLOSING FORM

To Whom It May Concern:
Please close the following bank account(s):
			o฀Checking
			o฀Savings

Name on Account		Account Number
			o฀Checking
			o฀Savings

Name on Account		Account Number
All remaining balances should be sent to me at the following address:

Address

City	State		Zip Code

If you have questions about this request, please contact me at:

Thank You.

Sincerely,

Signature

Printed Name

➤ PDF File

Document Data

Fact Name	Description
Purpose	The Account Closing Form is used to formally request the closure of bank accounts, such as checking and savings accounts.
Required Information	To complete the form, you must provide the name on the account, account number, and your address for sending remaining balances.
Contact Information	It is important to include your contact details in case the bank has questions regarding your closure request.
Signature Requirement	Your signature is necessary to authenticate the request and confirm that you are the account holder.
Balance Distribution	Any remaining balance in the account will be sent to the address provided on the form after the account is closed.
State-Specific Forms	Some states may have specific requirements or forms for account closure, governed by local banking regulations.
Bank Affiliation	This form is specific to JPMorgan Chase Bank, N.A., which is a member of the FDIC.

How to Use Account Closing

Once you have the Account Closing form ready, follow these steps to ensure it is completed accurately. After submitting the form, the bank will process your request to close your account. You may receive confirmation and further instructions from the bank.

Begin by indicating the type of account you wish to close. Check the appropriate box for either Checking or Savings.
Next, provide the Name on Account. This should match the name associated with the account.
Enter the Account Number for the account you want to close. Double-check for accuracy.
If you have another account to close, repeat steps 1 to 3 for the second account.
Specify where any remaining balances should be sent. Fill in your Address, City, State, and Zip Code.
Include your contact information. Write down your phone number or email address where the bank can reach you if there are questions.
Sign the form to authorize the request. Below your signature, print your Name.

Once the form is complete, review it for any errors. Make sure all required fields are filled out before submitting it to the bank.

Key Facts about Account Closing

What is the purpose of the Account Closing form?

The Account Closing form is a document used to officially request the closure of one or more bank accounts, such as checking or savings accounts. By completing this form, account holders can communicate their intent to the bank, ensuring that the closure is processed efficiently and that any remaining funds are sent to the specified address.

How do I fill out the Account Closing form?

To fill out the Account Closing form, begin by selecting the type of accounts you wish to close—either checking or savings. Next, provide the name on the account and the corresponding account number for each account you want to close. Finally, indicate where you would like any remaining balances to be sent by filling in your address, including city, state, and zip code. Don’t forget to sign the form and print your name at the bottom to validate your request.

What should I do if I have multiple accounts to close?

If you have multiple accounts to close, simply check the appropriate boxes for each account type and provide the necessary account details for each. Make sure to include all relevant information for every account to avoid any delays in processing your request. The form allows for multiple entries, so you can efficiently handle all closures in one submission.

What happens to my remaining balance after I submit the form?

Once you submit the Account Closing form, the bank will process your request and transfer any remaining balance from your accounts to the address you provided. It is important to ensure that the address is accurate to avoid any issues with delivery. Typically, the funds will be sent via check or electronic transfer, depending on the bank's policies.

Can I close my account in person instead of using the form?

Yes, you can close your account in person at a bank branch. However, using the Account Closing form can streamline the process and ensure that all necessary information is documented. If you prefer to visit a branch, be sure to bring identification and any relevant account information to facilitate the closure.

What should I do if I have questions about the Account Closing form?

If you have questions about the Account Closing form or the process of closing your account, it is best to contact the bank directly. You can find contact information on the bank's website or on any official correspondence. The bank's customer service representatives are equipped to assist you with any concerns or clarifications you may need.

Common mistakes

Filling out an Account Closing form can seem straightforward, but many individuals make common mistakes that can delay the process or lead to complications. One frequent error is failing to provide the correct account number. Without an accurate account number, the bank may not be able to identify the account to be closed, resulting in unnecessary delays.

Another mistake involves neglecting to specify the type of account being closed. The form includes options for both checking and savings accounts, and omitting this information can lead to confusion. It is essential to clearly indicate which account is to be closed to ensure the request is processed correctly.

Providing an incomplete address is also a common error. The form requests a full address, including city, state, and zip code. If any part of this information is missing, the bank may not be able to send the remaining balance to the correct location.

Some individuals forget to sign the form. A signature is a critical component of the request, as it verifies the authenticity of the closure. Without a signature, the bank cannot proceed with the account closure.

Additionally, individuals sometimes overlook the importance of including a contact number. The form asks for a phone number in case the bank has questions regarding the request. Failing to provide this information can hinder communication and prolong the account closure process.

Another common oversight is not double-checking for any outstanding transactions. If there are pending transactions on the account, closing it may result in complications. It is advisable to ensure that all transactions are cleared before submitting the closure request.

Some people mistakenly believe that closing an account will automatically cancel any associated services, such as direct deposits or automatic payments. It is crucial to cancel these services separately to avoid disruptions or missed payments.

Inaccurate personal information can also pose a problem. If the name on the account does not match the name provided on the form, the bank may question the legitimacy of the request. It is important to ensure that all personal details are consistent and accurate.

Individuals may also fail to follow up on their request. After submitting the form, it is wise to confirm with the bank that the account has been successfully closed. This follow-up can prevent any unexpected issues from arising.

Lastly, some people do not keep a copy of the completed form for their records. Retaining a copy can serve as proof of the request and may be useful in case any disputes arise in the future.

Documents used along the form

When closing a bank account, several additional forms and documents may be required to ensure a smooth process. Each of these documents serves a specific purpose, facilitating communication between the account holder and the bank. Below is a list of common forms that often accompany the Account Closing form.

Identification Verification Form: This document confirms the identity of the account holder. It typically requires a government-issued ID and may be necessary to prevent fraud during the account closure process.
Account Transfer Request: If the account holder wishes to transfer funds to another account, this form specifies the details of the transfer, including the receiving account information.
Final Transaction Authorization: This form authorizes the bank to process any final transactions before the account is officially closed. It ensures that all pending transactions are completed.
Address Change Form: If the account holder has moved, this document updates the bank with the new address. This is important for receiving any final statements or correspondence.
Tax Information Form: This form provides the necessary tax information to the bank, ensuring that any interest earned on the account is reported accurately to the IRS.
Account Closure Confirmation: Once the account is closed, this document serves as proof of closure. It typically includes details such as the closure date and final balance.

In conclusion, these forms and documents play a crucial role in the account closure process. They help ensure that all necessary steps are taken, protecting both the account holder and the bank from potential issues. Understanding each document's purpose can streamline the process and make it more efficient.

Similar forms

Account Transfer Form: Like the Account Closing form, this document allows you to request the transfer of funds from one account to another. Both forms require account details and personal information to ensure accurate processing.
Withdrawal Request Form: This form is similar in that it enables you to request the withdrawal of funds from your account. It also includes personal details and account specifics, ensuring the bank can process your request effectively.
Change of Address Form: This document is related because it allows you to update your contact information with the bank. Both forms require clear identification of the account holder and aim to ensure that all correspondence reaches the right person.
Account Statement Request Form: This form serves a similar purpose by allowing you to request a record of your account activity. Both documents involve communication with the bank and require personal and account information to verify identity.
Power of Attorney Form: This document grants someone else the authority to manage your accounts, similar to the Account Closing form, which involves making significant decisions about your banking relationship. Both require clear identification of the account holder and the person acting on their behalf.

Dos and Don'ts

When completing the Account Closing form, it’s important to follow certain guidelines to ensure a smooth process. Here are five things you should and shouldn't do:

Do double-check your account information before submitting the form. Accurate details help prevent delays.
Don't forget to specify which account type you want to close. Indicate whether it’s a checking or savings account.
Do provide a clear mailing address for any remaining balances. This ensures you receive your funds promptly.
Don't leave any sections blank. Fill out all required fields to avoid complications.
Do sign and print your name at the end of the form. This confirms your request and adds authenticity.

Following these guidelines will help facilitate the account closing process and minimize any potential issues.

Misconceptions

There are several misconceptions regarding the Account Closing form that can lead to confusion. Here are eight common misunderstandings:

The form can only be used for one account. Many believe that the form is limited to closing just one account. In reality, it allows for multiple accounts to be closed in a single request.
All accounts must have a zero balance before closing. Some think that accounts must be emptied before submitting the form. However, any remaining balances will be sent to the specified address after the account is closed.
The form is only for checking accounts. A common misconception is that the form is exclusively for checking accounts. It can also be used for savings accounts.
Signature is optional. Some individuals believe that a signature is not necessary. In fact, a signature is required to authorize the account closure.
The form can be submitted online. Many assume that the form can be completed and submitted online. However, it typically needs to be printed and mailed or delivered in person.
There is a fee for closing an account. Some think that closing an account incurs a fee. Generally, there is no fee associated with closing an account, but it's advisable to check with the bank for specific policies.
Account closure is immediate. People often believe that closing an account happens instantly. In reality, it may take a few days for the closure to be processed.
All accounts are closed at the same time. Some may think that submitting the form will close all accounts immediately. Each account is processed individually, and the closure of one account does not automatically close others.

Understanding these points can help ensure a smooth account closure process. If there are any uncertainties, it is always best to reach out directly to the bank for clarification.

Key takeaways

When it comes to closing a bank account, using the Account Closing form correctly is crucial. Here are some key takeaways to ensure a smooth process:

Complete All Required Fields: Make sure to fill in your name, account number, and the type of account you wish to close. Omitting this information can delay the process.
Provide a Forwarding Address: Indicate where any remaining balance should be sent. This ensures you receive your funds without unnecessary complications.
Contact Information: Include your phone number or email address. This allows the bank to reach you if they have any questions regarding your request.
Sign and Print Your Name: Don’t forget to sign the form and print your name clearly. This step verifies that you are the account holder and authorizes the closure.

By following these guidelines, you can navigate the account closure process with confidence and clarity.